Shriram Trans Fin Share Price: Share price of Shriram Trans Fin falls as Sensex drops 153.58 points

Share price of Shriram Transport Finance Company Ltd. dropped 0.56 per cent to Rs 1425.55 at 01:53PM (IST) in Thursday’s trade. The scrip hit a high of Rs 1436.35 and low of Rs 1393.4 so far during the session. The stock had closed at Rs 1433.6 in the previous session.

The counter had a total traded volume of 01:53PM shares so far with a turnover of Rs 19.22 crore on BSE. The stock traded at a price-to-earnings multiple of 15.2 and a price-to-book ratio of 1.66.

A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Shriram Transport Finance Company Ltd. belongs to the NBFC – Vehicle Finance industry.

Promotor/FII Holding

Promoters held 26.48 per cent stake in the company as of 12-Jun-2021, while overseas investors and domestic institutional investors ownership stood at 61.01 per cent and 6.87 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 4497.87 crore for the quarter ended 31-Mar-2021, up 1.23 per cent from the previous quarter’s Rs 4443.12 crore and up 7.78 per cent from the year-ago quarter’s Rs 4173.04 crore.

Its profit for the latest quarter stood at Rs 756.7 crore, up 237.29 per cent from the same quarter a year ago.